Is 34771, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 34771 has remained a Seller's Market.
Key Takeaway
34771 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 34771, FL
How much do homes in 34771, FL cost?
Median Sold Price
$446,087
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 34771 have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in 34771 was $446,087 in April 2024, down 1.8% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.2K | - | N/A |
| 2 Bedrooms | $349.4K | $300K | -14.1% |
| 3 Bedrooms | $410K | $405K | -1.2% |
| 4 Bedrooms | $463.1K | $455.8K | -1.6% |
| 5+ Bedrooms | $575K | $573.1K | -0.3% |
Summary: 34771 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.1%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 0.3%.
Housing Supply in 34771, FL
How many homes are available in 34771, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 362 | 356 | -1.7% |
Summary: The 34771 real estate market had 356 homes for sale in April 2024, a 1.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 131 | 123 | -6.1% |
| 4 Bedrooms | 156 | 152 | -2.6% |
| 5+ Bedrooms | 55 | 58 | +5.5% |
Summary: The 34771 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 5.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 61 | -6.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34771, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in 34771 in April 2024, down by 6.2% month-over-month. Of the 61 sold homes, 43% were sold under asking, 41% were sold at asking, and 16% were sold over asking.
Days on Market for 34771, FL
How long does it take to sell a home in 34771, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 70 Days | +15.8% |
Summary: Homes in 34771 had an average of 70 days on market in Apr 2024, up by 15.8% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 34771 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 61 homes were sold in 34771; 44% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.